« Expert Tips for Designing Chicken Coops | Home | Discover a collection of Piano Sheet Music »
Stopping Foreclosure
By admin | January 25, 2010
This notice in legal terms is called Notice of Default or Lis Pendens and once this notice is filed it opens four different options to bring the process of foreclosure to an end and either one could be chosen from the four. The owner can restore the loan on payment of the default amount during the grace period. Selling the property during pre-foreclosure period is the second option. A third party could come to the defaulter’s rescue by purchasing the property at an auction at the end of the pre-foreclosure period or the lender/loan giver could repossess the property with the intention of Flipping Real Estate.
Topics: Business | Comments Off
Comments are closed.